Main menu

Monthly Archives: September 2013

The Dreyfus Corporation has launched a new actively managed mutual fund, the Dreyfus Floating Rate Income Fund, according to a press release. Dreyfus is the fund’s investment advisor, while Alcentra NY is sub-adviser.

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating-rate loans and other floating-rate securities. Up to 20% of the fund’s net assets may be invested in securities issued by foreign borrowers, and up to 20% of its net assets in high-yield instruments.

William Lemberg and Chris Barris are the fund’s primary portfolio managers, with Lemberg principally responsible for floating-rate loans and other floating-rate securities, and Barris principally responsible for high-yield, fixed-rate securities.

Employed by Alcentra since 2008, Lemberg is a managing director, senior portfolio manager and head of Alcentra’s U.S. loan platform, while Barris has served as a senior portfolio manager for the Dreyfus High Yield Fund since 2007. He is also a managing director, senior portfolio manager and head of global high yield at Alcentra. – Staff reports

Christopher Lovgren has been appointed Global Head of Loan Syndication, reporting to Alain Gallois, Global Head of the Debt Platform and Fixed-Income and Treasury Sales, and locally to Olivier Allard, Head of Capital Markets at Natixis in London.

Lovgren began his career in 1995 with Société Générale CIB (SG CIB) . In 2005, he joined ING. Since 2010, he has held the position at ING of Managing Director, Head of Structured Loans Capital Markets & Head of Syndications in Amsterdam, Netherlands.